The present value of an ordinary annuity of $350 each year for five years, assuming an opportunity cost of 4 percent, is ___
1 answer:
We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
So present value is $1558.2
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Unit square is a square whose sides have length 1, so lets use our formula to find the volume of one unit square:
We now know that each one of the squares has area 1 unit squared. Since there are 28 unit square in our figure, we are going to multiply the area of a unit square by 28 to find the area of our figure:
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Answer:
and
Step-by-step explanation:
Given
See attachment for complete question
Required
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to 0.
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or
or
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or
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Make R the subject
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Collect like terms
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